Discounted Cash Flow

TFI International Inc. Foreign

TFII · Based on 10 years of SEC filings

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2019 $3.9b $233.7m $227.2m 6.0% $2.93
2020 $3.8b (-3.1%) $275.7m (18.0%) $468.2m (106.1%) 7.3% (21.8%) $3.09 (5.5%)
2021 $7.2b (91.0%) $754.4m (173.7%) $586.7m (25.3%) 10.4% (43.3%) $7.14 (131.1%)
2022 $8.8b (22.0%) $823.2m (9.1%) $620.8m (5.8%) 9.3% (-10.6%) $9.21 (29.0%)
2023 $7.5b (-14.7%) $504.9m (-38.7%) $652.3m (5.1%) 6.7% (-28.1%) $5.88 (-36.2%)
2024 $8.4b (11.6%) $422.5m (-16.3%) $669.8m (2.7%) 5.0% (-25.0%) $5.00 (-15.0%)
2025 $7.9b (-6.1%) $310.6m (-26.5%) $704.6m (5.2%) 3.9% (-21.7%) $3.74 (-25.2%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model